Economics
China Home Sales Plunged 90% in First Week of February
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Home sales in China have been dealt a huge blow by the spreading coronavirus with figures showing transactions plunged in the first week of February.
New apartment sales dropped 90% from the same period of 2019, according to preliminary data on 36 cities compiled by China Merchants Securities Co. Sales of existing homes plummeted 91% in eight cities where data is available.